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Revision of earnings forecasts4584Kidswell Bio CorporationPharmaceuticals

Notice Regarding Differences Between Full-Year Consolidated Earnings Forecasts and Actual Results, and the Recording of Non-Operating Income and Expenses and Extraordinary Losses

For the fiscal year ending March 2026, net sales exceeded the forecast announced on 12 February, while operating income fell below the lower end of the forecast range. The Company also recorded non-operating income and expenses, an impairment loss on investment securities, and a loss on cancellation of lease contracts.

Worth reading
74In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
38
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 12 February 2026
Net Sales—→6,589million
+9.8%
Operating profit—→-138million
—
Ordinary income—→-374million
—
Profit attributable to owners of the parent—→-413million
—
Net income per share—→-8.48yen and sen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

Net sales exceeded the forecast because some active pharmaceutical ingredients for biosimilars and other products were delivered ahead of schedule from the following fiscal year. However, supply volumes fell below expectations due to losses on the disposal of inventories, causing operating income to fall below the lower end of the forecast range. The products delivered ahead of schedule were not subject to supply price revisions or manufacturing cost reductions, so their contribution to profit was limited.

Details and amount of extraordinary loss

Impairment loss on investment securities: ¥15.797 million; loss on cancellation of lease contracts: ¥21.774 million

Previous-period resultsNet sales ¥5,082 million, operating income ¥27 million, ordinary income ¥5 million, net income attributable to owners of the parent negative ¥21 million, and earnings per share negative ¥0.52
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales6,000~6,500 → ¥6,589 million(+9.8%)
Operating profit△100~100 → ¥-138 million(△38~-)
Ordinary incomeNot disclosed → ¥-374 million
Profit attributable to owners of the parentNot disclosed → ¥-413 million
Net income per shareNot disclosed → -8.48 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast12 February 2026
Previous-period resultsNet sales ¥5,082 million, operating income ¥27 million, ordinary income ¥5 million, net income attributable to owners of the parent negative ¥21 million, and earnings per share negative ¥0.52
Reason for the revisionNet sales exceeded the forecast because some active pharmaceutical ingredients for biosimilars and other products were delivered ahead of schedule from the following fiscal year. However, supply volumes fell below expectations due to losses on the disposal of inventories, causing operating income to fall below the lower end of the forecast range. The products delivered ahead of schedule were not subject to supply price revisions or manufacturing cost reductions, so their contribution to profit was limited.
Details and amount of extraordinary lossImpairment loss on investment securities: ¥15.797 million; loss on cancellation of lease contracts: ¥21.774 million
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Demand for active pharmaceutical ingredients for biosimilars and other products remained strong, and some products scheduled for delivery in the following fiscal year were delivered ahead of schedule, causing net sales to exceed the forecast. However, supply volumes fell below expectations because of losses on the disposal of inventories of certain active pharmaceutical ingredients and other products, causing operating income to fall below the lower end of the forecast range. In addition, the products delivered ahead of schedule were not subject to price revisions or manufacturing cost reductions, so their contribution to profit was limited.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Differences Between Full-Year Consolidated Earnings Forecasts and Actual Results, and the Recording of Non-Operating Income and Expenses and Extraordinary Losses | Kidswell Bio Corporation (4584) timely disclosure | Komori